Asia-Pacific or Asia Pacific (abbreviated as Asia-Pac, Asia Pac, Apac, APAC, APNIC, APJ, JAPA or JAPAC) is the part of the world in or near the Western Pacific Ocean. The region varies in size. It typically includes much of East Asia, South Asia, Southeast Asia, Central Asia, West Asia and Oceania.
The term may also include Russia (on the North Pacific) and countries in North and South America which are on the coast of the Eastern Pacific Ocean; the Asia-Pacific Economic Cooperation (APEC), for example, includes Canada, Chile, Russia, Mexico, Peru, and the United States.
The term sometimes includes all of Asia and Australasia as well as the many Pacific island nations.
Even though imprecise, the term has become popular since the late 1980s in commerce, finance and politics. It is popular even though the economies within the region are not the same.[1])
APEJ (Asia-Pacific Excluding Japan) and EEMEA (Eastern Europe, Middle East, and Africa) will grow their combined share of this figure from 17 percent to 22 percent during the same period, as North America's share adjusts from 53 percent to 46 percent.